Rook ORB & Key Levels Pro is a technical indicator designed for discretionary and professional traders to analyze intraday price action using Opening Range Breakout (ORB) and Initial Balance (IB) concepts combined with higher-timeframe key levels. It independently tracks Opening Range Breakouts for the Asian, London, and New York trading sessions.

The indicator features a breakout confirmation engine that allows users to apply customizable conditions to validate breakouts, reducing false signals. It continuously monitors price after breakout confirmation to detect false breakouts when price closes back inside the opening range within a configurable validation window, helping identify failed auctions, trap moves, liquidity grabs, and rejected breakouts.

Session confluence detection highlights when breakouts occur near significant levels from previous sessions, reflecting institutional trading behavior. The Initial Balance is tracked per session with configurable duration, showing IB high, low, and midpoint levels.

Optional alerts notify users of the first confirmed breakout per session via sound or platform log. The indicator is optimized for efficient performance on large intraday datasets.

Typical usage involves waiting for the opening range to complete, monitoring confirmed breakouts with selected filters, observing multi-session confluence, referencing IB and key levels, and watching for failed breakouts as potential reversal signals.

Supported markets include Futures and Forex. The tool provides visual and filter outputs based on bar, volume, and tick data.